Manx Financial Group PLC · LSE:MFX
Manx Financial — Investor Presentation (2024)
16 slides from Manx Financial's investor presentation, 2024
Slide 1: Investor's Presentation
Manx Financial Group Investor's Presentation
Slide 2: Disclaimer
This presentation (the “Presentation”) has been prepared by Manx Financial Group Plc (“MFG” or This Presentation contains both historical facts and statements relating to the Company’s current the “Company”). plans, estimates, objectives, and strategies which are forward-looking statements. Such for
Slide 3: Who We Are
WHO WE ARE An independent banking and financial services group founded in 1935, domiciled in the Isle of Man.
Slide 4: MFG 2023 Financial Highlights
MFG 2023 FINANCIAL HIGHLIGHTS 2023: The year at a glance Remaining focused on investing in resilient profitable sectors with high potential for growth, MFG PLC reported a record performance in 2023, while making significant strides on its strategic journey, including obtaining a UK deposit-taking li
Slide 5: MFG: Share Price Movement
MFG: SHARE PRICE MOVEMENT Share price performance boosted by half year performance and PAL acquisition. 30.0p KEY RNS ANNOUNCEMENTS 26.3p • March 23 22.5p 2022 FY results of £5.2m profit and declaration of dividend 18.8p • May 23 Value Axis AGM & Dividend declared • September 23 15.0p Interim Result
Slide 6: Non Financial Highlights
NON FINANCIAL HIGHLIGHTS OUTLOOK Acquisition of UK Migration on IT • WeProfessional expect market conditions to Environmental, Social deposit-taking licence infrastructure to Azure Pathway Programme remain challenging through to and Governance Quarter 2 next year; and The Prudential Regulation The G
Slide 7: MFG: 2024 The Year Ahead
MFG: 2024 THE YEAR AHEAD Following a record financial performance in 2023, where advances grew by 52.3%, MFG saw significant improvements in return on equity, profitability and balance sheet growth, all providing solid foundations for 2024 and beyond. • Profitability and Revenue Growth: • UK Branch
Slide 8: HEADING
HEADING Does this need some narrative here? Operating PBT EPS* DPS P/E Yield Year end income (£m) (£m) (p) (p) (x) (%) 12/20 16.4 2.0 1.35 0.00 15.2 N/A 12/21 20.0 3.0 1.96 0.24 10.5 1.2 12/22 26.1 5.2 2.93 0.38 7.0 1.8 12/23 31.5 7.0 3.51 0.46 5.8 2.2 Note *EPS is fully diluted. 8
Slide 9: Our Main Operating Subsidiaries
OUR MAIN OPERATING SUBSIDIARIES CONISTER BANK CONISTER PAYMENT ASSIST Provides a variety of Provides Structured Payment Assist is the UK's financial products, services, Finance solutions for the leading automotive repair and facilities to the Isle of SME market and holds UK point-of-sale finance Man
Slide 10: Conister Bank at a Glance
CONISTER BANK AT A GLANCE IOM 19% • Fully licenced IOM deposit taker % lending split UK:IOM 2023 • The majority of lending is in the UK (SMEs) • Facility sizes: £1 - 72m UK • Maximum individual exposure: £1.5m 81% UK MARKET UK MARKET SIZE UK MARKET SHARE 350 Licensed Banks 36% 2.5 - 3.5K Non Bank Le
Slide 11: Our Growth Plan
OUR GROWTH PLAN £400m ADVANCES MFG's strategy is to combine organic growth with strategic acquisition to further augment the range of services it offers and to £350m TOTAL gain greater market share in its preferred markets. £300m UK ORGANIC £250m Value Axis • Gain market share in existing markets by
Slide 12: Our Growth Plan: Inorganic
OUR GROWTH PLAN INORGANIC • Acquiring businesses in sectors we prefer • Replacing more expensive debt with ours (instant bottom-line improvement) • By acquiring these businesses, we acquire the customer and their margin – further bottom-line improvement 12
Slide 13: Our Growth Plan: Incubate
OUR GROWTH PLAN INCUBATE • We have a successful track record of backing start-up businesses • Investing in businesses that are going to compete in markets we wish to enter OR operate in our existing markets but they intend to own the end customer • When the return on debt does not match our required
Slide 14: Manx Ventures: Our Entrepreneurial Subsidiary
MANX VENTURES : OUR ENTREPRENEURIAL SUBSIDIARY CURRENTLY HOLDS 2024 AND BEYOND • 100% of the issued share capital in • Consider setting up an infrastructure 4 companies syndicate • Options to acquire shareholdings in • Explore entering new jurisdictions another 4 companies 2024 • Explore opportuniti
Slide 15: Thank You
THANK YOU email: douglas.grant@mfg.im call: +44 (0)1624 694702 email: james.smeed@mfg.im call: +44 (0)1624 694684
Slide 16: Meet the Board
MEET THE BOARD JIM MELLON DENHAM EKE DOUGLAS GRANT JAMES SMEED Executive Chairman Executive Vice Chairman Chief Executive Officer Group Finance Director ALAN CLARKE GREG JONES GREGORY BAILEY JOHN SPELLMAN Non - Executive Director Non - Executive Director Non - Executive Director Non - Executive Dire